Ethereum Classic ETC/USD is trading at the level of 28.76. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud Upper Test is expected near the area of 27.50, from which it is expected to attempt a rebound and continue growth with the target near the level of 35.50. An additional signal in favor of the growth of the cryptocurrency will be the test of the support area.
Ethereum Classic forecast & analysis on February 19, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 30.10. The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 22.40, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Flag» and the closing above the level of 32.50.
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